Obamanomics - The Power To Tax, Borrow and Spend
"Rather go to bed with out dinner than rise in debt" - Benjamin Franklin.
President Obama is attempting not merely to expand the role of the federal government but to put it in such a dominant position that its power can never be rolled back. Obamanomics is the means to that end. Obamanomics represents change with unconscionable trillion dollar annual deficits leading us to the brink of national insolvency. And to what end - to remake the United States into a mirror image of a European social democracy?
The prospect of Treasury flooding the world with dollars to support trillion dollar annual deficits for the next decade is alarming, and the world is rightly getting nervous. If China and other foreign creditors lose their appetite for U.S. debt, the result will… Continue reading | 2 Comments